Inox Wind Limited (IWL), which is facing insolvency proceedings over unpaid dues of Rs 57 lakh to its Customs agent, has asked the National Company Law Tribunal (NCLT) to quash the case.
“IWL has preferred an appeal before the National Company Law Tribunal (NCLT), praying that the said proceedings be quashed. The matter has been listed for hearing on Monday, July 17, 2017,” Inox said in an emailed reply to Business Standard.
In its reply, IWL said it has “settled the dispute with the operational creditor, Jeena & Company”.
The company, however, did not respond to queries regarding employee layoffs and vanishing working capital. Earlier, Business Standard had reported that IWL has lai…
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